A restaurant has the following statistical information calculated from its financial
statements for the past three years:
	Year 0006	Year 0007	Year 0008
Current ratio	1.04:1	1.25:1	1.40:1
Credit card turnover ratio	70 times	64 times	61 times
Accounts receivable turnover	18 times	24 times	31 times
Food inventory turnover ratio	37 times	28 times	22 times
Total liabilities to total equity	2.75:1	2.4:1	1.95:1 8.7%
Return on stockholders equity	9.70%	9.50%	8.70%
Annual sales revenue	$875,400	$881,900	$879,300
REQUIRED:
Using this information, answer each of the following questions and
explain your answer.
a. Are current assets in relation to current liabilities increasing or decreasing?
b. Is the restaurant becoming more or less efficient in the collection of its
credit card receivables?
c. Is the restaurant becoming more or less efficient in the collection of its
accounts receivable?
d. Over the three-year period, has more or less money been tied up in food inventory?